Thursday's session in European stock markets brings declines in the main stock market benchmarks. The DAX loses nearly 1% and goes below the minima of the last two sessions. Investors will learn today about data on US unemployment benefits, secondary market home sales and CB leading indicators.
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Create account Try a demo Download mobile app Download mobile appThe swaps market is currently pricing in a near 90% chance of a 75bp rate hike at the ECB's October meeting. Source: Bloomberg
DE30 index chart, D1 interval. The benchmark German blue chips are trading down today and going below the minima of the last two sessions. The demand side unsuccessfully tested the 13,000-point limit. Source: xStation 5
Thursday's German market session brings lower valuations for most economic sectors. Source: Bloomberg
News:
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The head of Germany's energy regulator, Mr. Klaus Mueller, described solutions to offset Russian imports as "encouraging." Avoiding a national gas crisis will be possible if and only if Germany continuously realizes savings of 20% and the three LNG terminals begin operations as planned (in early 2023).
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The declines continue for energy companies, which are reacting to the possible introduction of a tax on excess profits. We wrote more about the whole issue in yesterday's post. RWE (RWE.DE) is currently losing 1%.
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HSBC cut its target price for Adidas (ADS.DE) shares to €130 from €165.
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Citigroup cut its target price for Deutsche Bank (DBK.DE) shares to €10 from €10.4.
The largest percentage changes of companies included in the DAX index. Source: Bloomberg
The most active stocks in the DAX index (DE30). Source: Bloomberg
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